Elliott Wave Analysis: EURNZD And NASDAQ100 Futures

EUR keeps moving higher against commodity currencies, with EURAUD now already at 1.4300 mark, while EURNZD trades at 1.5440, which is near red sub wave B) level so it appears that triangle can be finished. If that’s the case then EURNZD may see extension up to 1.5600 this week.

EURNZD 4 Hour Chart

Nasdaq100 futures broke lower last week and it appears that there is more weakness in view as we expect a drop below wave A level from March 22nd. That’s still not the case, so we assume that current minor pause is wave 4) of C which is expected to hit 5300 from where we may see a reversal in three waves minimum.